🟢 A large amount of #Bitcoin is coming out from the Coinbase exchange to cold wallets.
✍️ Cold wallets are generally used by long-term investors. From this data, we can understand that the increase in the outflow of $BTC to cold wallets by American investors indicates a growing long-term demand for Bitcoin in the US. It is quite nice to see this demand increasing from the US on the eve of interest rate cuts.
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🟢 A large amount of #Bitcoin is coming out from the Coinbase exchange to cold wallets.
✍️ Cold wallets are generally used by long-term investors. From this data, we can understand that the increase in the outflow of $BTC to cold wallets by American investors indicates a growing long-term demand for Bitcoin in the US. It is quite nice to see this demand increasing from the US on the eve of interest rate cuts.